27 August 2025, 18:14  Canada: TSX Lifted by Strong Financial Sector Earnings.

The S&P/TSX Composite edged over 0.2% higher to above the 28,350 mark as outsized beats at Royal Bank of Canada, the index’s largest component, and a broad pullback in credit provisions across major lenders refocused the market on bank fundamentals and near-term earnings resilience. RBC led the advance rising over 4.5% after reporting provisions of C$881 million versus an LSEG consensus near C$1.07 billion and adjusted earnings of C$3.84 per share, with stronger wealth and capital-markets income freeing capital and lifting investor appetite. On the other hand, National Bank of Canada’s shares plunged over 4% after its capital-markets revenue missed forecasts, prompting a sharp reappraisal of that franchise and weighing on the sector, which tempered the rally. Because RBC carries such heavy index weight, its outsize gain was sufficient to push the TSX higher despite losses in major mining equities.

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